Now, when Time Warner chairman and CEO Jeff Bewkes was asked about GL's performance and potential for a sequel, he seemed to put the brakes on.

"It did not live up to expectations - fell fairly far short of those," Bewkes said in a conference call with The Hollywood Reporter.

And regarding the sequel, Bewkes said, "We will be deciding that in due course."

Ryan Reynolds was asked about a sequel for Green Lantern, as well, at the premiere for The Change Up.

"I have no idea, that's not up to me," Reynolds told MTV. "I don't write those checks. And if I did I certainly wouldn't be standing on a red carpet, I would be sunning myself somewhere," he joked.

With an estimated budget upwards of $300 million (including advertising), Green Lantern fell short of expectations at the box office with its opening weekend debut of $53 million. According to BoxOfficeMojo.com the total gross is at $154,462,444million worldwide.